Breaking News

Fitch Ratings: North American Sectors Face Deteriorating Outlook Amid Economic Slowdown and Challenges

Fitch Ratings warns of a deteriorating outlook for North American sectors, citing factors such as slowing economic growth, rising unemployment, and stringent financial conditions

6-01-2024, 21:47

BP Suspends Red Sea Transits Amidst Houthi Attacks on Shipping

Oil corporation BP announced a temporary suspension of all transits through the Red Sea, attributing the decision to recent attacks by the Houthi group in Yemen.

18-12-2023, 18:57

US Inflation Outlook Drops, Consumer Confidence Soars in December

US economic dynamics see a shift as year-ahead inflation expectations decline sharply, contrasting with a robust 13% surge in consumer sentiment for December, according to a recent University of Michigan survey.

8-12-2023, 18:56

Bitcoin Surpasses $41,000, Hits 20-Month High Amid ETF Approval Hopes

Bitcoin's value soared to over $41,000, reaching its highest point in two years, fueled by optimism surrounding the potential approval of exchange-traded funds (ETFs).

4-12-2023, 00:32

Binance CEO to Resign Amidst $4.3 Billion Settlement with US Authorities

Changpeng Zhao, CEO of Binance, is set to admit guilt in criminal charges, leading to a $4.3 billion settlement. The resolution includes fines, forfeitures, and new regulations for the world's largest cryptocurrency trading platform in the US.

21-11-2023, 20:41

China's Economic Resilience Shines: Surges in Retail Sales and Industrial Output Defy Expectations

China defies market expectations with a robust economic performance in October, as retail sales and industrial production exhibit impressive growth, signaling resilience amid economic challenges.

15-11-2023, 18:11

Ethiopia Proposes Innovative Solutions to Maritime Challenges

Ethiopia offers neighboring countries participation in its dam project and shares in its national airline to address maritime challenges.

14-11-2023, 18:01

Oil Prices Dip as China's Exports Slide and US Dollar Strengthens

Here are the factors behind the shifts and the measures taken by major oil-exporting nations to stabilize prices.

7-11-2023, 02:48